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Audiocodes vs Ciena: revenue, profit, margins and growth compared

Audiocodes brought in $245.6M of revenue in fiscal 2025, Ciena $4.8B in fiscal 2025. Revenue changed by +1.4% at Audiocodes and +18.8% at Ciena on the year before, so Ciena grew faster. Audiocodes kept 3.6% of its revenue as net profit, Ciena 2.6%. Free cash flow was $22.9M at Audiocodes and $665.3M at Ciena.

Side by side, latest fiscal year

AUDCCIEN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (November 1, 2025)
Revenue$245.6M$4.8B
Revenue growth+1.4%+18.8%
Net income$9M$123.3M
Net margin3.6%2.6%
Free cash flow$22.9M$665.3M
Free cash flow margin9.3%13.9%
Earnings per share (diluted)$0.31$0.85
Cash$45.3M$1.1B
Debtn/a$1.5B
Price to earningsn/a419.9
Market value$262.1M$50.5B
Dividend yieldn/an/a
Rank by revenue in sector#93 of 109 · Utilities#41 of 109 · Utilities

Over the years

Revenue
AUDC FY2018: $176.2MAUDC FY2019: $200.3MAUDC FY2020: $220.8MAUDC FY2021: $248.9MAUDC FY2022: $275.1MAUDC FY2023: $244.4MAUDC FY2024: $242.2MAUDC FY2025: $245.6MCIEN FY2019: $3.6BCIEN FY2020: $3.6BCIEN FY2020: $3.5BCIEN FY2021: $3.6BCIEN FY2022: $3.6BCIEN FY2023: $4.4BCIEN FY2024: $4BCIEN FY2025: $4.8BFY18FY19FY20FY21FY22FY23FY24FY25
AUDC $245.6MCIEN $4.8B
Net income
AUDC FY2018: $13.5MAUDC FY2019: $4MAUDC FY2020: $27.2MAUDC FY2021: $33.8MAUDC FY2022: $28.5MAUDC FY2023: $8.8MAUDC FY2024: $15.3MAUDC FY2025: $9MCIEN FY2019: $253.4MCIEN FY2020: $253.4MCIEN FY2020: $361.3MCIEN FY2021: $500.2MCIEN FY2022: $152.9MCIEN FY2023: $254.8MCIEN FY2024: $84MCIEN FY2025: $123.3MFY18FY19FY20FY21FY22FY23FY24FY25
AUDC $9MCIEN $123.3M
Net margin
AUDC FY2018: 7.7%AUDC FY2019: 2.0%AUDC FY2020: 12.3%AUDC FY2021: 13.6%AUDC FY2022: 10.3%AUDC FY2023: 3.6%AUDC FY2024: 6.3%AUDC FY2025: 3.6%CIEN FY2019: 7.1%CIEN FY2020: 7.1%CIEN FY2020: 10.2%CIEN FY2021: 13.8%CIEN FY2022: 4.2%CIEN FY2023: 5.8%CIEN FY2024: 2.1%CIEN FY2025: 2.6%FY18FY19FY20FY21FY22FY23FY24FY25
AUDC 3.6%CIEN 2.6%
Revenue growth
AUDC FY2019: +13.7%AUDC FY2020: +10.2%AUDC FY2021: +12.7%AUDC FY2022: +10.5%AUDC FY2023: -11.2%AUDC FY2024: -0.9%AUDC FY2025: +1.4%CIEN FY2020: 0.0%CIEN FY2020: -1.1%CIEN FY2021: +2.5%CIEN FY2022: +0.3%CIEN FY2023: +20.8%CIEN FY2024: -8.5%CIEN FY2025: +18.8%FY19FY20FY21FY22FY23FY24FY25
AUDC +1.4%CIEN +18.8%
Free cash flow
AUDC FY2018: $24.2MAUDC FY2019: $21.2MAUDC FY2020: $36.9MAUDC FY2021: $46.2MAUDC FY2022: $6.8MAUDC FY2023: $8.9MAUDC FY2024: $11MAUDC FY2025: $22.9MCIEN FY2019: $350.6MCIEN FY2020: $350.6MCIEN FY2020: $411MCIEN FY2021: $462.1MCIEN FY2022: -$258.6MCIEN FY2023: $62.1MCIEN FY2024: $377.9MCIEN FY2025: $665.3MFY18FY19FY20FY21FY22FY23FY24FY25
AUDC $22.9MCIEN $665.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Audiocodes and Ciena

Which is bigger by revenue, Audiocodes or Ciena?

Ciena is bigger by revenue: $4.8B in fiscal 2025, against $245.6M for Audiocodes in fiscal 2025.

Which keeps more of its revenue as profit, Audiocodes or Ciena?

Audiocodes had a net margin of 3.6% in fiscal 2025; Ciena had 2.6% in fiscal 2025.

Which grew revenue faster, Audiocodes or Ciena?

In their latest fiscal years revenue changed by +1.4% at Audiocodes and +18.8% at Ciena.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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